A woman walks past an office building of Swiss bank Credit Suisse at the Bahnhofstrasse in Zurich December 4, 2008.ARND WIEGMANN/Reuters
Credit Suisse's Canadian offices are filling up thanks to new hires and transfers to what's viewed a hot market.
The Swiss-based bank hired four people in Canada last week, bringing the total to seven new hires this year.
The most senior addition is Brian Newmarch, a managing director in commodities who comes from Citi. He's joined by vice-president Jesse Shouldice. Both are in Calgary. The bank also added an investment-banking analyst in Calgary and an equity research analyst in Toronto.
The Canadian business has also added three people by transfer from offices that include Los Angeles and Japan, as the country is viewed as a place of opportunity relative to other markets that are in the doldrums.
Meantime, there are a handful of newly empty desks at Bank of America Merrill Lynch's Canadian operations. That firm trimmed its roster of investment banking and markets employees across Canada by roughly 2 per cent, letting 11 out of 492 staff go.